B Corps Ireland
#BTheChange in IrelandB Corporation Ireland
B Corps are businesses that are certified by the non-profit organisation B Lab to meet standards of social and environmental performance, accountability and transparency. The B Corp certification evaluates an entire company, helping to distinguish between good companies and good marketing. Today, there are over 1,300 B Corps worldwide in 42 countries, creating a global phenomenon and exemplified by companies such as Etsy and Patagonia. There are two distinct elements to B Corps, a certification and a legal entity.
Legal Entity
In the US, B Corps lobbied for legislation to secure their existence and, as a result, benefit corporations have been successfully rolled out as a company type in many states. Often times the introduction has been welcomed unanimously by both sides of the aisle. Like Community Interest Companies, B Corps could possibly be introduced into Ireland. They would make it easier not only for social enterprises to form and have legal standing but also for businesses to provide a sustainable social good as well as create profits. Goals and plans need to be designed around the development and introduction of B Corps in Ireland; a sub committee may be required.
Certification
In countries without B Corp legislation, such as Ireland, you can take the B Impact Assessment for companies to benchmark their sustainability and positive social impact.
B Lab Europe has asked Chris Gordon to lead the operation in Ireland to develop the standard.
Useful Links:
https://www.bcorporation.net/what-are-b-corps
http://benefitcorp.net/about-b-lab
